iTunes song prices see more hike than reduction

As announced previously Apple has changed the prices of the iTunes songs. As per this new pricing scheme the songs will now fall into one of three pricing tiers 69 cents, 99 cents and $1.29 -- with many more songs priced at 69 cents than $1.29.

Many songs were to remain priced at 99 cents while some older and less popular tracks were expected to fall to 69 cents. It is being reported that as of Tuesday morning, those cheaper songs were few and far between. Instead, Apple appears to have made price increases its first priority. As of press time, the pricing changes have resulted in half of the top ten and 29 of the top 100 overall song downloads increasing in price to $1.29.